India's new aircraft carrier, INS Vikrant (named after India's first carrier), has bust its budget by 600 per cent. It will now cost a whopping nearly Rs 19,000 crore instead of the original estimate of about Rs 3,000 crore.

After dedicating the aircraft carrier INS Vikramaditya to the nation, Prime Minister Narendra Modi is likely to induct the country's largest indigenously-built warship INS Kolkata in Mumbai in the last week of August.

Describing the launch of India's aircraft carrier and Japan's biggest warship since World War II as a threat to China, a report in the state-run media today alleged some countries are backing New Delhi to balance Beijing's power.

India launched its first indigenously-built aircraft carrier on Monday, a landmark moment in the $5 billion or 500 crores project that seeks to project the country's power and check the rising influence of China.

The first aircraft carrier to be made within India, the INS Vikrant, will be launched on August 12 at the Kochi shipyard. With its debut, India will become just the fifth country in the world to build aircraft carriers after US, Russia, Britain and France.

India will launch its first indigenous aircraft carrier, INS Vikrant, on August 12 from the Kochi shipyard. This will make India only the fifth country after the US, Russia, Britain and France to have the capability to build such vessels.

The Defence Ministry will soon move the Union Cabinet for an additional Rs 2000 crore to meet the cost overrun for completing the first phase of Indigenous Aircraft Carrier (IAC) being constructed at the Cochin Shipyard - on India's western seaboard.